Nuvest Capital aims to raise $1 billion by the first year of operations as its founder and Government of Singapore Investment Corp (GIC) veteran Aje Saigal looks to build his record outside the world's eighth-largest sovereign wealth fund. Professor of Finance and Director of SMU's BNP Paribas Hedge Fund Centre, Melvyn Teo commented that "His area of expertise is in global asset allocation. He is a big believer in the risk parity approach."
Reuters